North Korean leader Kim Jong Un has made his first foreign trip since assuming power in 2011, meeting China’s President Xi Jinping in Beijing and discussing giving up the country’s nuclear weapons, according to Chinese state media.

Kim, who made the surprise trip to the Chinese capital at Beijing’s request, said he felt compelled to personally inform President Xi of the rapid diplomatic developments on the Korean Peninsula in recent weeks, Xinhua reported.

The visit represents stunning shift for Kim, who appears to be fashioning himself as a leader in search of a peaceful solution to the crisis on the Korean Peninsula. It’s in sharp contrast to 2017, when Kim oversaw a string of missile and nuclear tests that drew the ire of the international community.

Kim’s trip was the first of three potential meetings with some of the world’s most powerful leaders.

Kim is set to attend a summit with South Korean President Moon Jae-in next month, and will later meet US President Donald Trump, in what would be an historic first encounter between a sitting US President and a North Korean leader.

Trump tweeted Wednesday that Xi told him his meeting with Kim went “very well.” The US President added he was optimistic Kim will “do what is right for his people and for humanity. Look forward to our meeting!”

Key points:

  • Kim said he was committed to denuclearization but with conditions, Xinhua reported
  • Xi hosted a grand banquet for Kim at the Great Hall of the People
  • Kim traveled to China by train on March 25 and spent two days in Beijing
  • North Korean state media said Xi accepted an invitation to visit Pyongyang
  • The White House said it was informed of the meeting Tuesday

North Korea’s Supreme Leader Kim Jong Un, left, and China’s President Xi Jinping, right, are seen at a banquet in this photo released by North Korean state media.

Analysts said the visit was a courtesy call aimed at shoring up Pyongyang’s ties with China, a traditional ally and major trading partner. Leaders from the two countries haven’t met since 2011, with ties souring after Kim purged some of Beijing’s allies in North Korea and the isolated nation relentlessly pursued its development of nuclear weapons.

Kim called for a “new era” in bilateral relations in a letter to Xi published by the Korean Central News Agency (KCNA), which also reported that Xi had accepted an invitation to visit North Korea “at a convenient time.” The acceptance of the invitation was not reported by Chinese state media although Xinhua said that Xi would keep in frequent contact, which could include exchange of visits.

“In this spring full of happiness and hopes, I believe my first meeting with General Secretary Xi Jinping will yield abundant fruits of DPRK-China friendship, and facilitate peace and stability on the Korean Peninsula,” said Kim, referring to Xi by his title as leader of the Chinese Communist Party.

North Korean state media made no mention of nuclear weapons in its coverage of the meeting.

Xi said Beijing is willing to work with North Korea to “promote long-term healthy and stable development of China-DPRK relations, benefit the two countries and two peoples, and make new contribution to regional peace, stability and development.”

 

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Source: CNN [1]. Image sources: [1].

China has begun to collect an environment tax, aimed at better protecting the environment and cut pollutant discharge, as the country’s Environmental Protection Tax Law took effect on January 1, 2018.

The introduction of the tax called an end to the ‘pollutant discharge fee’ which China had been collecting for nearly 40 years.

This is China’s first tax clearly designed for environmental protection, which will help establish a “green” financial and taxation system and promote pollution control and treatment of pollutants, said Wang Jinnan, head of the Chinese Academy For Environmental Planning under the Ministry of Environmental Protection.

China had collected a ‘pollutant discharge fee’ since 1979, however, some local governments exploited loopholes and exempted enterprises that were otherwise big contributors to fiscal revenue. For years, regulators had suggested replacing the fee system with a law.

Under the Environmental Protection Tax Law, which targets enterprises and public institutions that discharge listed pollutants directly into the environment, companies will pay taxes for producing noise, air and water pollutants as well as solid waste.

Tackling pollution has been listed as one of the “three tough battles” that China aims to win in the next three years. The areas of focus were discussed at the recent Central Economic Work Conference, an annual meeting held in China, convened by the Central Committee of the Communist Party and the State Council, which sets the national agenda for the Economy of China and its financial and banking sectors.

China’s parliamentary elections are currently underway, having begun in October 2017, and will conclude in March 2018.

 

Sources: [1], [2], [3], [4], [5]. Image source: [1].